> For the complete documentation index, see [llms.txt](https://xei.gitbook.io/documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://xei.gitbook.io/documentation/general-info/xei-coin.md).

# XEI Coin

<figure><img src="https://2127120155-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FMkst2J0vJl7Jq3GASBMP%2Fuploads%2FHc9EuVNANhnKwSlMtIvY%2FAdd%20a%20heading%20(18).png?alt=media&amp;token=b9c0feba-075d-4ff9-b537-bef3cf257fc6" alt=""><figcaption></figcaption></figure>

The native asset ($XEI coin) serves several key purposes in driving the growth of the network:

1. **Incentivizing GPU Providers and AI Engineers:** $XEI tokens are used to distribute rewards to GPU providers based on their availability and performance. They also reward AI Engineers with token-denominated loyalty points for their consistent usage of the network.
2. **Decentralized Pricing:** The token establishes transparent pricing for the device, treating it as a commodity tied to the compute units utilized, using a decentralized oracle.
3. **Governance:** $XEI tokens serve as governance tokens, allowing stakers to influence network decisions such as fee structures and the introduction of new features, ensuring democratic governance.
4. **Steady Emissions Schedule:** A consistent emission schedule ensures sustained growth of the network.
5. **Staking dApp:** An innovative staking digital application that empowers its users with the opportunity to earn passive rewards on their investments.&#x20;
6. Bittensor Integration & Subnet & Supercomodites<br>

**Additional Mechanisms:** Potential mechanisms under consideration include allowing GPU providers to increase their chances of selection by staking $XEI tokens and providing priority access to high-demand GPUs for AI Engineers who stake tokens.

These utilities contribute to the value proposition of $XEI tokens, driving demand and consequently helping to increase the token price over time as the network expands and evolves.

## Tokenomics

In this section, we'll explore the distribution of the token supply, the allocation of funds, and the transaction taxes associated with buying and selling $XEI tokens.\
\
**$XEI Coin Launch ETA:** August

**Token Supply and Allocation:**

* Total Supply: 1,000,000 $XEI tokens
* DEX Liquidity Reserve: 580,000 $XEI tokens
* Presale round: 210,000 $XEI tokens
* Partnerships & KOLs: 140,000 $XEI tokens&#x20;
* Staking Contract: 50,000 $XEI tokens *(0x8bEE74543A52b0b50482F2b967f2c2E302Fe6580)*
* OTC Treasury: 10,000 $XEI tokens *(0xA994936DF63D868BD945E78e7b4B15077F37fcAD)*
* Team tokens: 10,000 $XEI tokens *(0xeE53D6B5C276018da3938a094Acd16724e91fA96)*\ <br>

**Detailed Token Allocation:**

1. **Staking Rewards**: 5% of the tokens are reserved for staking rewards, locked for 2 months. This allocation is designed to encourage participation in the ecosystem's staking programs, rewarding users for their commitment and contributing to the token's liquidity and stability.
2. **Team Tokens**: 1% of the tokens are allocated to the team. This ensures that the team is incentivized to contribute to the ecosystem's success while aligning their interests with the long-term vision of the project.
3. **KOLs & Partnerships**: 11% of the total supply is allocated to partners.&#x20;
4. **OTC** **Treasury:** 1% of the total supply is allocated to OTC treasury, locked for 6 months. This fund treasury is crucial for the ecosystem's early-stage development and growth, with the lock-in period underscoring their long-term commitment to the project.

**Allocation Breakdown**

**Liquidity Reserve:** The majority of the token supply, comprising 600,000 $XEI tokens, is allocated to the liquidity reserve. These tokens are dedicated to providing liquidity for trading on supported exchanges, ensuring ample liquidity and price stability for $XEI token holders.\
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**Locked in Linear Vesting Schedule**: The remaining 40% of the tokens are locked in a linear vesting schedule, ensuring a controlled release of tokens. This approach prevents market dilution and supports the token's price stability over time.

**$XEI Token Details:**

Name: XEI

Ticker: $XEI

Decimal: 18

Chain: Ethereum

Total Supply: 1,000,000 $XEI

Initial Liquidity Pool: TBA\
\
Ethereum Contract:&#x20;

Ethereum Staking Contract:&#x20;

#### Token Tax: <a href="#token-tax" id="token-tax"></a>

* Buy Tax: 5% *(1% $XEI marketing, 2% Ecosystem Expansion, 2%* [CAIaaS](/documentation/utility/caiaas.md)*& Operational Costs)*
* Sell Tax: 5%&#x20;